Valuation register



'7 sheets-sheet H.' A. HARRIS .VALA'TION REGISTER F led Nov Mar., 20,1923.

7 sheets-sheet 2 H. A. HARRIS VALUATION REGISTER Filed Nov. 7,

Maf.. 2 0, w23.'

mwm

'7l she ets-sheet 3 Ebb 205558@ J H. A. HARRIS VALUTION REGI STE R FiledNov.

.Mm 2f, w23..

mm 25.45@ zousmkmzou LQMQWLE H. A. HARRIS VALUATION REGISTER Filed Nov.7, 1921 '7 sheetsheet 5 Mm., zo. w23.

3.23%.. fn.. n Y f w Ewing@ mmh '2, 1921 '7 shee'ts-sheet 6 TlONREGISTER A. HARRIS VALUA. Filed Nov.`

Marr; 20, R923.

mmaml 7 sheets-sheet H. A. HARRIS VALUATION REGISTER Filed NOV. 7, 1921Mm., zw, m23.

ii i if a Jimi u aan; lo .i .el ll a.

a .s als i i. e., as a 'VALUATON REGSTER.

Application fle November ifo all fio/lomzt may concern.'

Be it known that l, HENRY ARCHIBALD Hemus, a citizen oi the UnitedStates, residing at Chicago, in the county of Cook and State ofillinois, have invented certain new and use ful improvements inValuation liegisters, of 'which the 'following is a specification.

rl'his invention has to do with certain iniprovements in valuationregisters and the ln order that the features of the invention and therelationship of the various elements hereinafter disclosed may be betterimderstood and appreciated, l vv'ill first explain certain of thefundamental purposes and objects 'sought to be accomplished by the useoli the present invention.

The valuation of any given property whether tangible or int-anc'ible maybe based either on its present replacement value or on its present valueas determined by the original cost, taking into account the estimateddepreciation up to the date at which the value is sought to beascertained. rlhe value ou the date et the valuation may be readilyascertained either on the present replacement basis or on theestiiliated depreciated basis, but the estimation ot the value at somedate bet veen the date of acquisition and the date of valuation involvesan estimation of the depreciated value up to such intervening date only.

lt. is frequently desirable to be able to ascertain he value oiC theproperties not only at thee present or valuation date. but at someintermediate or intervening date. This is true for example in the caseof certain tax returns vfhere proper application ot the statute involvesa knowledge oi: the invested capital at a prior date as for exampleBeceinher 3l, The ascertainrnent of the invested capital at such datehas in the past involved so many factors oit uncertainty and ditlcultythat it has been practically impossible to make an accurate estimate otthe inifested capital at such prior date, but by the use oi the featuresot invention-to be herein disclosed it becomes possible to malgre anaccurate valuation either as of Dec-mbar i908. or any other date duringthe lille of the properties, considered either or `group.

The complexity of the problem may be better appreciated when itisconsidered that most industrial and commercial establish- 19%.. Seriallilo. 513,346.

ments contain machinery and other propert: e ot dilierent elassicationsWhich are subject to diilei'ent rates of depreciation, and when it isremembered that even dierent individual properties of a givenclassificatirii may themselves have Widely diiierent estimated rates ofdepreciation. For example, the classiiication of buildings may includemore or less temporary structures and Wooden structures subject torelatively rapid depreciation, and may also include permanent structuresof b ich or concrete of much slower depreciation.

The problem is still further complicated bythe tact that inainitacturingestablishments which have been in operation iior any considerable lengthot time almost always include properties acquired at different times. sothat the depreciated value on any specific date will also involve thecorrect esiiinated depreciation ot each individual propei-v taking` careotitis age up to that date.

(lue oi the ob tion is to proviee a ister by means of which theproperties each classification may be brought together in the mostconvenient manner 'for tie proper application et theirI rates otdepreciation year by year. also taking into account the acquisitionsvear by year. so that he depreciated value or" each group properties maybe estimated from year to year. and so that the depreciated value orsaid properties taking; into account yearly acquisitions may also beestimated year by year. Also in this connection. to malte provision torascertaining the acquisitions year by year according to variousclassifications. and also .tor ascertaining the depreciation year hyyear for various classi mations. so that the amount oli :iouejv actualhTinvested from time to time may be estimate(L Tivell as the depreciationstaking place thereon.

nother ohicct oil the invention is to malte provision tor ascertainingiv'. at. may called a composite rate ol depreciation o? eachclassilication oi: properties. taking' into accouiu'; the actualrelative amounts invested in properties ot diii'ereut estimated usefullenaths o'iI lite Within such classifications. so t the 'Future yearlydepre ationl be tor such `group ot' properties as a vchole in thesimplest possible manner.

.-^i.nother object o, the invention is to proiects ot the present invenqwill; appear from. a detailed description ot thesame, which consists inthe Yfeatures ot invention and combinations ot parts and arrangementsand combinations ot schedules hereinafter described and claimed.

.In the drawings:

Figure 1 shows a typical schedule showingthe acquisitions duringindividual years, the acquisitions up to the end of each year, thedepreciation during each year lon new acquisitions, aswell as onacquisitions of previous years, and also the depreciation during eachyear and the accrued depreci ation. up to the end ot each year., for aparticular classification of properties. ln the particular 4 scheduleshown inFig. l. the application ot the above features is shown asapplied to the classification construction. This schedule also shows thedepreciation accrued to a specificy date namely, December 81, 1908.v onthisA particular classification g Figi'. 2 shows a schedule similar tothat ot Fig'. 1 with the exception that it refers to another specificrclassification ot property namely. ymachineiw.

lt is noted that in the schedule of Figj. 1 construction Vt-here areonly shown construction items of an estimated lite ot sixty-tive years,and that in Fig. 2 there are only showny ,machinery items ot anestimated life of thirty-seven years.

Fig. 3 shows a schedule ot the acquisitions year by year and the totalacquisitions up to the end of each year Jfor a particularclassitica-tion namely7 construction, buildings. including items in thiscategory having); diiterent estimated years of usetul life. rlhisschedule v.also shows the total acquisitions year by year and the totalaccrued acquisitions at the end oi' 'each year for all of the items ofsuch category including those ot ditlierent estimated years ot usetullife Fig.'` l shows a typical. schedule for a specific category namelyconstruction. buildings showing the depreciation durinaf v each vear andthe' accrued depreciation at total the endet each year for items withinsuch category having; diiierent estimated years ot useful lite. Thisschedule also shows the total. depreciation during each year and theaccrued depreciation up to the end ot each year for all ot the items oisuch. category having different estimated years of useful life.

lt is also noted that Figs; 3 and Ll respectively show the totalacquisitions and the total depreciations for items of diderent estimatedyears ot useful life and the total of' such igures for all of the itemsof such category of different estimated years ot usetul lite up to aspecitic date, namely, December 31, 1908.

lt is noted that by comparison of the total depreciations given inschedule 4 with the total acquisitions given in sh'edule 3 it ispossible to compute what may be called composite rates of depreciationfor the properties .tor each estimated year et uset'ul life for the'category to which the schedules ot Figs. 3 and l relate, namely,construction, buildings and this has been shown in Fig. 7

Fig, 5 shows a typical schedule ot acquisitions by years and totals upto the end of each year tor a large number ofditlerent categories;

Fig. 6 shows a. typical schedule ot depreciation for each year anddepreciation up to the end ott each year tor a large number ot differentcategories corresponding to It' is noted that Figs. 5 and 6 also showtheir respective items as totaled up to December 1,1908.

Fig. 7 shows a typical schedule for the specific category of buildingrs.showing the estimated years ot useful lite and estimated actual rate ofdepreciation .tor ditierent items ot this category havingY diiferentestimated years of' useful life. T hi s schedule makes it possible toestablish av composite rate 'ot depreciation Ytor all ot the propertiesclassified as buildings in the particu-- lar plant in question, so thatin the future a composite rate ot depreciation may be ai plied to all ofthese properties which will be a tair and proper average; and

Fig'. 8 shows a typical schedule o'igcomposite rates ot depreciationYtor different categories of properties each ot which would beascertained through the medium eta vschedule similar to that ot 7.

The schedule shown in 1 is intended to be illustrative ot such aschedule as would.

be used for showing; the acquisitions by years, and the depreciations byyears, for all items of a given category such as"construc tion and allof which items aresubiect to the same rate oft depreciation. Thisschedule includes a column 10 tor years; a column 11 tor acquisitions; acolumn .l2 for total rate ot depreciation for items purchased atdifferent times up to a given date, namely Becember 31, 1908; a column13 for total amount of depreciation tor items purchased at diii'erenttimes up toDecember 31, 1908; and a series of columns 14, 15, 16, 17,18, 19 and 20 for amounts ot during; each ot said ve depreciation toryears subsequent to the stipulated date ot December 31, 1908.

1n the column 1 are shown the indi\,'idual items ot acquisitions duringyear in question as Well the summation ot all items iucluding' thosebrought forward troni prerious i/ears. For example. this column showsthat during; the year 1899 the acquisitions amounted to $5041.15. sothat the total at the end of such year iras $7,695.72?. depreciationrates shown col un 13 are the totzn deprecia ions from the dates etacquisition up to the stipulated date o? ceiuher 31. 1909. and the itemsshown in this column are theretcre equal to the number ot irs up toBeceniler 31, 1908., multiplied hv the annual rate ot depreciation. rhcan-- nual rate olf depreciation shown in' the heading at the point 21;and the rate ot depreciation 'for the current year ot acqui -1' tion isshown in the heading' at 22. Tl item 22 is talren one-halt ot the i': An2i. since this gives a ita-ir .tor items purchased during the year.

n column 13 the total rates ot col fun have been applied to theacquisition i of column 11. The summation ot all cit the items of column13 shows the total amount of depreciation up to the specific dateselected, namely, December 31. 1908, This happens to he $3,049.92, inthe example illustrated.

The individual items iu the columns 1e. 15. 16. 17, 1S. 19 and 20 theactual amounts ot depreciation during' the various veure sul)H sequentto leceniloer 31. 1908. lvased on acquisitions of previous individualyears. For example7 the depreciation during; 1910 on acquisitions of1899 $57.76. The sumH mation ot items the columns 141, 15. 10. 1T.

13. 19 and 20 are the total depreciations i. For esample.y the totaldepreciations during 1910 are 55.41-31.49. The total amount otdepreciation ui to the l auf.' vom' uliserfuieut to December 1903, isthe summation ot depreciation ot individual years plus depreciations upto llecemlier 31 1908. For example. the total oepreciation up to the endot 1910 is shown at the bottom of colf-.nun 15. the same including553.049,92 up to the end of llecember 31.

1903. plus @131.4% for 1909 plus 9,431.49 tor 1910. total of rilhearrows 23. 2l and 27 show the manner in which the items are carried'forward year to in order to arrive the estimated total at the end oilE1910.

lt oliseiw'ed that the sched is liased on an f. 4 @if years and thedepreciation rates 21 and 22 are based on this particular shown anothertypical schedule similar to that ot f tiens and depreciation rates andamounts such estimated "ite, and the amounts of depreciation shown inthe various columns are calculated on the basis of the particulardepreciation rates shown at 2S and 29; l 1t is intended that schedulesimilar to those oi Figs. 1 and 2 should loe Worked out lor eachparticular class ot property and 'for properties ot each particularestimated vears ot useful lite, so that t proper rates of depreciationmaj,7 ce applied in each case. 1n 3 1 have shown a typical schedule onwhich the acquisitions on properties having' Serious estimated lengthsot useful lite, but all Within a given.;eneral category maystructionhhuildings. .lt includes a column 30 vfor the number ot' vearsof estimated useful lite of ech group. a column 31 for the schedulenumbers.r a column 32 for the total acouisitions un `to a given datesuch as Dece iher 3L 1908. and groups of co'lun'ins 33.

36. 37.. 33 and 39 tor the years sul)- seouent to 1908. Each of thegroups 33 to 39 inclusive includes a column tor acquisitions during thatand another column tor total incluoing such acquisitions.

Referring loaclr to the schedule of Fig. 1 which relates toconstructiou.7 estimated lite sixty-five years., it will he noted'thatduring` the vear 1912 there were shown acat the cud ot that year thetotal items of an estimated lite ot' sixty-live years .is $29,749.32.These tvvo items are shown in the column 36 ot' the schedule of Fig. 3.From the foregoing.;f illustration it will he understood that the itemsin the sixty-tive year lite row of' Fig. 3 are derived from the scheduleot Fig. 1. rThe items for other estimated useful lengths of life otproperties in the catepjorzv construction buildings would he taken fromother schedules similar to Fig'. 1 and transferred into the Variouscolumns ot the schedule of Fig. 3.

The schedule or lie. 3 is useful brine'- together the total propertiesof a given category and as showing? the amounts of such propertiesacquired during` years and the totals at the ends ot' various years.

1n the schedule illustrated in Fig. 4 the depreciations for propertiesot' various estimated lengths ot" useful lite For a given cateeory havebeen brought together. This schedule shows the depreciations forcategory construction buildings, and is intended to :thouT thedepreciations jfor the items Within that category having*differentestimated lengths of usetul lite. This schedule thereforeincludes a column 40 for the different estimated years of usefulouisitoiu-f ou" 93.1.7121 gf; Huit life, a column 41 Within which thevarious items may be classified, a column 42 for total depreciations upto December 31, 1908, and groups et columns 43, 44, 45, 46, 47, 48 and49 for the different years subsequent to 1908. Fach of these groupsinclude a column for depreciation during the year and another column fortotal depreciation up to the end ot such year.

-Considering again the .schedule ot Fig. 1, the total depreciation up tolecember 31, 1908 ttor all items of construction of an timated lite ofsixty-'fire years is shoivn to be $3,049.92, and this-itefu hasbeentransiierred to column 42 of the schedule oi' Fig. 4 Within the rowfor sixty-five year lite. ln similar manner the depreciation during theyear 1909 is shown by theschedule of Fig. 1 tobe $431.46 and the totaldepreciation up to the end ot 1909 is shown to be $58,481.88. Theseitems will be found in column 43 of the schedule ot Fig. 4 in the rowsixty-five year life.

The schedule ot Fig. 4 is there-.tore useful tor showing thedepreciation during; each year and the total depreciation up to theendot each year forthe various properties ot' different estimatedlengths oi useful lite for the category construction buildings. It isintended that there should be a schedule similar to that ot Fig. 3 andanother schedule similar to'that ot Fig. 4 ttor each category ofproperties.

ln the sched lev shown in Fig. 5 the totals of acquisitions duringdifferent lyears and up to the end of each year Jfor ditierentcategories have been brought together into convenient form. rlhisschedule includes a column 50 for items ot diterent classification. acolumn :tor schedule iu'unbers. a column 52 for page numbers, a'column58 for ctotal acquisitions up to December 31, 1908, and groups ofcolumns 54, 55, 56, 57, 58, 59 and 60 tor different years subsequent to1908. Fach of these groups includes a column tor acquisitions duringsuch yearand another column tor total to the end ot the year.Fixamination of the schedule illustrated in Fi 8 shows that the totalamount of acquisitions up to Deceniber 31, 1908, 'for properties oftheclassitication construction buildings ot various lengths of estimatedlite is $59,811.38, and this item Will be found in column 53 o'l'schedule 5 in therovwbuildings 1n like manner the variousacquisitionsfand totals tor different years or the category build ingsgiven in Fig. 5 have beeu'transterred from the schedule ot Fig. 3. rlheother items shown in the schedule of Fig. 5 Would be taken from otherschedules similar to that ot Fig. 3 for the various other categories ofproperties. rFhe schedule shown in Fig. 5 is useful for bringingtogether all of the various iteinsl of acquisitions and totals ofproperties for the entire plant.

The schedule ot Fig. 6 is similar to ,that oi" F --'l, but hf 'ugs`together the depreciations during ditlerent years and up to the end .oteach year tor the various categories and corresponds somewhat to theschedule ot Fig. rllhis schedule ot Fig. 6 includes a column 61 forclassii'icatiom a column 62 tor schedules l column 63 tor page numbers,a ce 64 'or total depreciations up to llecemher 81, 1908, and groups ci?columns 65, 67, 68, 69. and .71 for subsequent years. Each ot thesegroups inciudef-.f a column for depreciation during the year and anothercolumn tor total to the end oli the year. The items in the schedule otFig. 6 `transferred thereto trom a series ot schedules similar to Fig. 4and tor the different categories of propertics. For example, theschedule of Fig. 4 shows a total fflepreciation on construction huildi"s to lleceiuher Fl, i908l to be 84608.96. and this itemv ivill be foundin column 64 ot' the schedule of Fig. 6 opposite to the categorybuildings The schedule of 6 is useiul as bringing together the deiationsduring` ditlerent years andtotal pre dcpreciatious atthe end ot eachyear for all ,operties Within the plant.

estly. a comparison oit the schedules ot Fr 5 and6 will give theestimated value ot the plant or any category at the end ot' anyspeciiied year, by thesimple process ot subtraction. For example, thetotal acquisitions to the end ot 1915 were $866,- 701.88, and the totaldepreciations up to the end ot that year $4893.58, leaving a net valueof plant at the end of 1915 of Slf-12308-80.A Similarly the value ofthel plant at the end ot 1918 would 'be estimated as $907,875.99 minus$589,068.45 or $268,- 807.54.

.ritter an inventory has been completed, so that the values otproperties ot' different estimated years ot lite ha s been determined,it is possible to establish :tor any given category, or tor the plant asa Whole, a composite rate of depreciation applicable to all ot theproperties Within such category or plant. ln Fig. 7 l have shown atypical schedule relating to the category buildings, construction, forthis purpose. In this schedule is included a column 72 for theclassification, a column 73 for total acquisiticns up to the date ot theinventory, a column 7 4 for the estimated years of useful lite, a column7 5 for the annual rate ot depreciation, and a column 76 for the amountsot annual depreciation. Since the schedule of Fig. 7 relates to a singlecategory containing properties otdierent estimated years of useful lifethe total acqui mated years ol2 life are not-ed in. column 73, theestimated years of lite in column 74, and the annual rate ofdepreciation based on such years of lite in column 7 The annualdepreciation appearing in column 76 is the application of the annualrate oit' depreciation to the total acquisitions ot column 73. lt isnoted that the items in column 73 correspond to those in column 39 otthe schedule of Figi'. 3, and that the items ot column 76 correspond tothe depreciation items of column i9 ot the schedule shown in Fig. 4t. Bytaking the summation ot the items of column 7G V,vhich gives the totalannual depreciation and comparing` the same With the summation ot theitems of column 73 which gives the totalamount of acquisition, there isobtained an average rate of depreciation indicated at 77 in Fig. 7. Theaverage rate ot depreciation current for the year ot acquisition isone-halt ot the amount shown at 77. being; the amount shown at 78 inschedule 7. These composite rates of depreciation will be correct aslong` as there no further acquisitions Within the cateh v in question.or as long as the ratios eX- istina between the amounts ot acquisitionsot properties ot different years ot estimated use'liul life is the sameas the ratio existingbetween such properties at the date of theinventory.

.in Fic'. S l have shown a schedule of composite rates of depreciationfor all of the different categories, each category beingr iig'ured outaccording' to the plan of the schedule ot' Fig'. 7. The schedule of 8includes a column. 79 for classilication. a column 80 for rate forcurrent year ot acquisition, and a column 8l for rate for the tullyear.7 lt is to be noted that the items in columns 8O and S1 correspondto the caten'orv buildings are the same a the amounts shown at 78 and 77respectively of Fig'. 7.

lt is to be observed that all ot the schedules ot the 2@generalarrangements and purposes herein disclosed bear a peculiar relation toeach other in the sense that they constitute portions ot a completeharmonious ensemble, all oit Whose parts are so related to each other asto carry forward the desired operations to a certain distinct anddefinite end. F or this purpose. the schedule ot Fig. l is illustrativeot one ot a group ot schedules Whose purpose is to bring; together insystematic and properly arranged order data by means of which theschedules illustrated in Figs. 3 and e may be filled out, and theschedule illustrated in Fig. 2 is illustrative of another such schedule;the schedule illustrated in Fig. 3 is illustrative ot a schedule Whosepurpose is to bring together in systematic and Well arranged order thedata by means of which a Schedule such as that of Fig. may be prepared,and the schedule of Fig. i performs the same function with regard tothat of Fig. 6, and the schedules ot Figs. 5 and 6 may be termed thesummation or terminal schedules. the one :tor acquisitions, and theother Jfor depreciations, by means ot which the acquisitions anddepreciations upv to any given date may be individually determined, bymeans of which the depreciated value of the entire plant or any categoryot properties therein may be quickly ascertained in a simple manner atany time. The schedules ot Figs. 7 and 8 may be considered assupplemental for the purpose ot facilitating the future estimation ofdepreciation'as longr as the relative acquisitions between properties otdifferent estimated years ot uset'ul life remain in substantially thesame ratio.

lt is thus evident that schedules of the general character of thoseherein disclosed bear a peculiar relationship. and combination to eachother.

ln the usual course of. operation of any business there Will be fromtime to time What are known as discards, machinery or other propertywhich is either junlied or sold or otherwise disposed of. These discardsmay be taken care of' in the operation of the present register as areduction in the amount of acquisitions during the year Within which thediscard takes place. It the amount ot the discards of such year are lessthan the amount of actual acquisitions then the amount oi acquisitionsappearing on the register Will be positive but of reduced quantity,Whereas if the discards during such year are greater in amount than theactual acquisitions, the acquisitions appearing` on the register Will benegative in amount. The depreciation tor the discard Will be carried upto the year Within which the discards take place and will be fined inquantity tor such discards thereafter.

l Wish also to point out the fact that the depreciation schedules may beused for a Wide number ot different purposes besides the preparation ottax schedules, etc. For example, they may be used to advantage in thepreparation of accounting and nancial statements, vand in fact theseuses constitute a very great and important portion of the usefulness ofthe invention.

While I have herein shown and described only a single embodiment of thefeatures of my present invention. still I do not limit myseliC to thesaid embodiment eXcept as I may do so in the claims.

l claim:

l. A valuation register tor properties of different categories having'dilierent rates of depreciation for items of each category, andhavingitems of acquisition at different times, comprising` incombination a schedule A by years of acquisition and depreciation foreach rate of depreciation, a schedule B for summary of acquisitions otitems'o'l different rates oivl depreciation within the same category; aschedule C vfor summary ot depreciation lioritems ot diilerent rates ordepreciation within the same category; a schedule D for. summary oiacquisition or items of all categories; and a schedule E tor a summaryof depreciation of items ot all catergories; each A schedule having anappropriately designated column ilfor years, an appropriately designatedcolumn Ytor acquisitions, an appropriately designated column for totalrate or' depreciation up to a given date, an appropriately designatedcolumn for total amount oi' depreciation up to said date, and a seriesot appropriately designated columns liordepreciation during yearssucceeding such date, and haring appropriately designated rows for yearsduring which there are acquisitions as well as an appropriatelydesignated row for depreciation accrued to the end oi? the period; eachB schedule having an appropriately designated column for estimated yearsit useful li'le, an appropriately designated column 'for summary otacquisitions up to the aforesaid date, and a group ot appropriatelydesignated columns 'for yeafs subsequent to y such date each grou aincludino` acquisitions 3 a l 2*: l

duringthe year and totals'to the end ot' the year, and including aseries'ot appropriately designated rows for years ot useiul lite and anappropriately designated row 'lor totals; each C schedule including anappropriately designated column for different years of useful life, anappropriately designated column Yfor total depreciation up to a givendate, and a series of groups of appropriately designated columns 'toryears subsequent to such date, each group including an appropriatelydesignated column 'for depreciations during the year and totals up tothe end o'i` such year, and a series of appropriately designated rowsfor different years ot useful lite and an appropriately designated rowtor totals each D schedule including an appropriately designated columnfor classification, and groups of appropriately designated columns ioryears subsequent to such date, each group of columns including anappropriately designated column for acquisitions during the year and anappropriately designated column for total acquisitions to the end of theyear, and a series oi appropriately designated rows Ytor items ofdifferent categories, and an appropriately designated row for totals;and each E schedule including an appropriately designated column forclassification, an appropriately designatedcolumn for tot-aldepreciation up to the aforesaiddate, and a series of groups ofappropriately designated columns ttor years subsequent to such date,each group including an appropriately designated column Yfordepreciation during such year and an ap date, an

propriately designated column tor totals up to the end of such year, anda. series of appropriately designated rows for different categories andan appropriately designated row for totals, all 'for the purposespeciiied.

2. A Valuation register tor properties of different categories havingdiiiierent rates oi d preciation for items of each category, and havingitems of acquisition at different times, comprising in combination aschedule A by years of acquisition and depreciation 'for each rate ofdepreciation, a schedule E tor summary ot' acquisitions oit items o'idii- 'lierent rates oi depreciation within the same category; a scheduleC 'for summary o'lE depreciation for items of diiterent rates oidcpreciation within the same category; a sched. ule D for summary ofacquisitions. of items or all categories; and a schedule E for a summaryof depreciation of items ot all categories; each A schedule haring anappropriately designated column vlr'or years, an appropriatelydesignated column tor acquisitions, an appropriately designated columnfor total. rate olz depreciation up to a given appropriately designatedcolunm ttor total amount of depreciation up to said date, and a seriesoi" appropriately designated columns for depreciation during yearssucceeding such date, and having* appropriately designated rows vforyears during which there are acquisitions; each D schedule having anaipropriately designated column for estimated years of useful lite, anappropriately designated column for summa ry ot acquisitions up to theaforesaid date, and a group oit appropriately designated columns 'foryears subsequent to such date, each group including,acquisitions duringthe year and totals to the end of 'the year, and including a series o'lEamaropriately designated rows ttor yearsot usetul life; each C schedulein-` cluding an appropriately designated colun'm :for diili'erent yearsof' useful hte, an appropriately designated column. tortotaldcpreciation up to a. given date`r and a series of groups ofappropriately designated columns for years sulisequent to such date,each group including an appropriately (,lesignated column fordepreciations during the year and totals up to the end oit such year,and a series oit approlrriately designated rows for diiierent years ofuseful life; each D schedule including an appropriately designatedcolumn tor classication, an appropriately designated column for tot-alacquisitions up to the aforesaid date, and a series ol groups ofappropriately designated columns ior years subsequent to such date, eachgroup of; columns including an appropriately designatei'l column foracquisitions during the year.l and an appropriately designated columnfor total acquisitions to the end of the year, and a series olappropriately desgnated rows for items of different catego- :Laconai i,lA i schedule including an appropriate d mated column for classifica- 1il an appropriately designated column for total depreciation up to theaforesaid date,

l ot groups otf appropriately des-- iated columns tor years subsequentto such date, each group including' au appropriately tiesiognated columnpre ion durinu' egister tor properties ol1v es having; different ratesLaying items of acqui- ,es, comprisin(r in com- *MQ il by years otacquiticn tfr each rate ot de- B for summary ot bination a scliedusition and depreci precie-tiem a schedule acquisitions of itei'us ordiiterent o1- depreciation; a schedule C tor summary of depreciationlier items of digtlcrent nies ot depzeciation; a schedule B tor suin-.iary ot acquisition ot items ot all categories; and a schedule E tor asummary ot depreciation oi' items ot all categories; each schedulehaving an appropriately Aated column for yearsE an appropriatelydesignated column for acquisitions, an appropriately designated coluinntor total rate ot depreciation up to a. given date, an appropriatelydesignated column for total amount ot' depreciation up to said date, anda series otappropriately designated columns tor depreciation during`years succeeding` such d te, and having` appropriately designa ,ed rowsYtor years during which there are acquisitions; each. B schedule having'appropriately designated column tor estiiuatfd years ot uset'ul lite, anappropriately de nated column. tor summary ot acquisitions up to theaforesaid date, and jroup ot approik'iriately designated columns oryears sulzseqnent to such date, each group includ-- ing acquisitionsduring the year -nd totals to the end of the year and including' asefies of appropriately designated rows for years ot usetul lite; flschedule ineach c eludir a.' un appropriately designated column tordferent years of usetul lite, an appropriately designated colrnun rortotal depreciation up to a given date, and a series ot loups ofalfripropriately designated columns for years subsequent to such date,each `c'roup including an appropriately designated column fordepreciation during` the year and. totals up to the end ot such year,and a series ot appropriately designated rows for different years otuse'inl lite; each D schedule including` an appropriately designatedcolumn for classification, an appropriately designated column for totalacquisitions up to the aforesaid date, and a series of groups ofappropriately designated columns tor years subsequent to such date, eachgroup et columns including an appropriately designated column foracquisitions during' the year and an appropriately desi gnated columnfor total acquisitions to the end of the yearrx and a series ofapprogiriately designated rons tor items et different categories; andeach E schedule including an appropriately designated column forclassitication, an appropriatelyT designated column to: totaldepreciation up to the aforesaid date, and a series of groups otappropriately designated columns tor years subsequent to such date, eachgroup including an appropriately designated column tor depreciationduring such year and an appropriately designated column for totals up tothe end ot such year, and a series ot appropriately designated rows tordifferent categories., all tor the purpose specilied.

4. ,il valuation register for properties of dilt'erent categorieshaving); dilterent rates of cepi'eciation Yfor items oft' e clicategory, and having items of acquisiti( :s at different times,conn/rising in combination a series of schedules A, each showing byyears acquisitions and depreciations for a given rate of depreciationa aseries ol" schedules B each showing' hy years a summary or" acquisitionsof items roi' a pgiven rate ot depreciation; a series of schedules C2each showing a suinmary oli depreciations for items ot dill'erent ratesot depreciation Within a given category: schedule D tor summary ofacquisitions ot items @t all categories; and a schedule E for a summaryoli depreciations olE all items ot all categories; each A schedulehaving appropriately designated column Ylior years, an appropriatelydesignated column for actpiisitionsr` an appropriately designated columntor total rate ot depreciation up to a. given dato an appropriatelydesignated column tor total amount ot depreciation up to ,said date anda serios ot' appropriately designated columns tor depreciation during`years succeeding such date, and having' appropriately designated rowstor years during Which there are acquisitions; each B schedule havingappropriately designated column tor estimated years ot usetul lite, anappropriately designated column for summary of acquisitions up to theaforesaid date, and a group of appropriately designated columns toryears subsequent t0 such date, each lgroup hiding` acquisitions duringthe year and totals to the end ot the year, and including a series otappropriately designated rows for years ot useful lite; each C scheduleincluding an appropriately designated column or dierent years of usefullite, an appropriately designated column for total depreciation up to agiven date, and a series of groups ot appropriately designated columns.tor years subsequent to auch date49 lil@ ria

each group including an appropriately designated column for depreciationduring the year and totals up to the end of such year, and a series ofappropriately designated rows 'lior different years ci" useful liter,each D schedule including an appropriately designated column forclassification, an appropriately designated colui'nn tor totalacquisitions up to the aforesaid date, and a series of groups ofappropriately designated coluinns 'for years subsequent to such date,each group of columns including an appropriately designated column foracquisitions duringl the year and an appropriately designated column fortotal acquisitions to the end ot the year, and a series ol?appropriately designated rows tor items ot different categories; andeach E schedule including anv appropriately designated column .torclassiiication, an appropriately designated column for totaldepreciation up to the aforesaid date, and a series ot groupfs-i ofappropriately designated columns for years subsequent to such date,yeach group including an appropriately designated column for depreciationduring such year and an appropriately designated column tor totals up tothe end of such year, and a series oit appropriately designated rows tordili'erent categories, all for the purpose specified.

5. A valuation register 'for properties of diil'erent categories havingdifferent rates of depreciation for items of each category, and havingitems of acquisitions at different times, comprising in combination aseries of schedules A, each showing by years acquisitions anddepreciations for a given rate ot depreciation, a series ofschedules B,each showing by years a summary of acquisitions olivitems 'for a givenrate of depreciation; a series of schedules C, each showing a summary ofdepreciations for items of ydifferent rates of depreciation with-- in agiven category; a schedule D for summary of acquisitions of items of allcategories; and a schedule E Jfor a lsummary of depreciations of allitems of all categories; each A schedule having appropriately designatedcolumns and rows for the determination o'i acquisitions anddepreciations of items of a given category and given rate ofdepreciation up to a selected date and subsequent dates; each B schedulehaving appropriately designated columns and rows for the reception ol'total items of acquisition up to such date and subsequent dates,transcribed from the A schedules 'for di'l'erent rates of. depreciation;each C schedule having appropriately designated columns and rows for thereception of items oia total depreciation up to the selected date andsubsequent dates, transcribed Ylrom the A schedules for different ratesof depreciation; the D schedule having appropriately designated columnsand rows for the reception of items ot total acquisitions 'for the plantup to the selected date and up to subsequent dates, transcribed from theB schedules; and the E schedule having appropriately designated columnsand rows for the reception of items of total depreciation for the plantup to the selected date and subsequent dates transcribed 'from the Cschedules, all for the purpose specied.

6. A valuation register for properties of different categories havingdifferent rates ol .depreciation Jfor items of each Category, and havingitems of acquisitions at different times, comprising in combination aseries of schedules A, each showing by years acquisitions anddepreciations for a givenrate of depreciation, a series of schedules B,each showing` by years a summary of acquisitions of items for a givenrate of depreciation; a seriesof schedules C, each showinga summary ofdepreciations for items of ydillerent rates of depreciation within akgiven category; a schedule D for summary of acquisitions of items oitall categories; and a schedule E for a summary of depreciation ot allitems of all categories; each A schedule having appropriately designatedcolumns and rows for the determination of acquisitions and depreciationsof items of a given category and given rateof depreciaion up to aselected date; each B schedule having appropriately designated columnsand rows for the reception of total items of acquisitions up to suchdate, transcribed from the A schedules for different rates ofdepreciation; each C schedule having appropriately designated columnsand rows ilor the reception of items of total depreciation up to theselected date, transcribed from the A schedules for different rates ofdepreciation; the D schedule having appropriately designated columns androws for the reception of items of total acquisitions for the plant upto the selected date transscribed from the B schedules; and the Eschedule having appropriately designated columns and rows Jfor thereception of items of total depreciation for the plant up to theselected date transcribed from the C schedules, all 'for the purposespecified.

HENRY ARCHIBALD HARRS.

